before the mad rush well this is a dangerous sign that this next tweet because of course many of these maligning l's he'll be buying by an online discount brokerage and here's one of them a tweet about one of them t.d. ameritrade c.e.o. says he has never seen client cash levels this low clients highly active in markets again another contrarian indicator so when you have low cash levels in accounts of people are fully committed that's typically a market top when you have great bullishness that's generally on the market top when the pull call ratio is extended love all more bullish bets them negative bets that's generally a market top so always contrarian indicators are telling us that the market is nosebleed territory and that's when most people you know pile in because the euphoria generates irrational choices yeah well i know that even ray dally oh

i guess one of the richest hedge funders in america he was over in davos saying that anybody sitting on the sidelines is basically an imbecile they're going to miss out because markets are going to continue to soar this year certainly with all the tax cuts so that's what he thinks maybe maybe for a year the a week ok i'm sure the democrats are hoping that he's not ok because they need a market crash if this is the sort of you know it's the economy stupid well let me point something out ray valeo can make a statement like that and be long the market and also hedged so he could put ten billion dollars in the stock market and for two or three percent of the vestment he can be hedged with puts and futures contracts limiting his last two or three percent if there is a crash the people who are listening to him will go along the market or on the head of the t.t. ameritrade in the discount brokers they'll pile in the money as a pile and but they won't be hedged so if there is a ten twenty or. thirty percent correction or

a crash they'll feel it all laurie dahlia will feel the two percent and they'll be like oh i guess i was wrong but i. lost two percent and by the way here's my next idea and so far only because this kind of ties in with this young kid millennial being from new york and what's how trump even came into office in the first place and looking forward to twenty eighteen is bronco. tweeted. you know he's a professor at cooney city university of new york and he's written a book about inequality so he said of the dallas crowd he says as bronco milan says of davus attendees they are loath to pay a living wage but they will fund a film orchestra they will ban unions but they will organize a workshop on transparency and government you know just in terms of whether or not the sort of filler monic funding crowd of the m.s.m. b.c. watching elite of new york some of the people that we can think of whether or not

that they'll have some economic answers that will trump the rising stock market that millennial is are now feeling some sort of wealth effect that trump is making them feel smart because the markets are going up because they're invested oh speaking of a lot after the break we've talked to one of the richest millennialists him out there in the crypto space don't go away stay right there. here's what people have been saying about rejected in the us it actually does belong on the only show i go out of my way to and you know what it is that really packs a punch oh yeah it is the john oliver of our three americas do the same you know apparently better than nothing. to see people you've never heard of loan dinner tonight. not the president of the world bank no kate but you go write me seriously

send us an e-mail. hey everybody i'm stephen bob taft hollywood guy you know suspects every proud american first of all i'm just george washington and r.v. to say this is my buddy max famous financial guru and well i'm just a little bit different i'm not a. good one i know no one knows up with all the drama happening in our country i'm shooting the road have some fun meet everyday americans. and hopefully start to bridge the gap this is the great american people.

why go back to the kaiser part i may shatter time out of turn jeremy gardner of augur and many other crypto related projects a long term friend jeremy carter great to have you on finally thanks for having remand all right this is awesome now tell us what author so auger was one of the very person applications ever built on top of the theory of blockade is it decentralized application it is a decentralized predict shark it platform effectively an unstoppable online betting platform that predicts the future we're right now i have some experience in the prediction market or else going back of a number of years i studied your experience ok the hollywood saga same so jeremy how does this say use the block chain in a production market short so it is entirely written on top of

a layer of smart contracts so there is not a single component of the auger platform that essential isin any way including though the event resolution process which is really the most novel innovation of augur is that instead of relying on a single central. entity to resolve say whether donald trump was elected president or not thousands of people report on the outcome of advance from around the world using a token that we issued out one of the very first i.c.'s defenders a very first utility token ever created because it's a token that is not used secure a block but to make application work instead so it's a bit of crowdsourcing using the telly talking to get into something prophecies like verifying a resolution as you say. it's efficient and what about the experience we've seen in the past as a prediction markets like in trade with in ireland is that you know

a lot of people don't like to at prediction markets around because they like to be able to control the news cycle they like to be a. especially in america now with so much going on in the political space like to control things in production markets tend to give them more and propagandized to look at things and it can get it you know you're tracking some attention maybe that you don't want to attract if you thought about that what's your thought i mean that that is why we've created a de centralized prediction market there is there are new servers still like in trades you can't be shut down once of the application goes live it's a pandora's box it is open forever. i mean there are thousands of nodes all around the world validating the transaction and posting the platform it is totally on some sort of bill but we have gone and we have reached out to the appropriate regulatory authorities he thinks and play into what the platform is we explain that is totally open source recently that the auger does not create any of the markets or to

forecast foundation which is behind auger it's anybody that uses a palm from there goes a group of kids as markets and to be clear i'm not speaking on behalf on augur of augur i'm no longer associated just a co-founder and ambassador to the top ok so the chairman gartner story actually gets kind of interesting here so i read about you the new york times and there's a story out there the talk about the crypto pro. and they told us how i'd characterize it. and they've carried this so they have the in the what has it got tripped over castle in which is my house and severance is your house it's your house in san francisco and there are twenty somethings at home of the twenty something about to turn twenty six a month and you guys were early into the trip to space yes we're all go it's pretty much fun and if you're sitting on you know let's let's be honest of pocket loads of of wampum you know and so the new york times chose to take the angle that you know why are we giving these young guys so much frickin money and is this a good thing and i must say that the characterization you know painted you you know

i would say in a not terribly flattering way oh. intellectually vapid right and so your experience you know i talked a little bit about this was that the mainstream media was a different experience than you expect there yeah and you know i always hated that term means she media just sounded like this horrible of justification of popular news but at the end of the day where you begin to realize especially as you interact with journalists reporting for these large news organizations is that they have neither the time nor the capacity to truly explore the ramifications of technology that they're writing and reporting so and say what they do say look for soundbites it looks for things that make it very easy to process so if it's about like fast fast money instant wealth both and stupid means they can write about that because the part of mousavi and his can comprehend that i didn't write my book

a lamp post of stupid mean now i mean it is it is very difficult to take the time to explain to an audience that may not understand what you are database technology which is roots of us and go and explain what a block changes and dusted if they take the path of least resistance and often that is just one that is very intellectually empty you know looking at this open source projects going back to linux you know it's technology guys and they're solving the problem of the software presented to them by microsoft and i thought you know we could do a better job of going to open source this and nerds and techno guys and programmers behind the scenes nobody ever hears about them came up with this product that was world beating product when software becomes money if it could have been coined as software that is money it's open source money right how has this impacted the general mindset of the young entrepreneur and developer programmer because

it seems like it's not necessarily a match made of haven't you could you give a guy who's maybe artistic you know spends. one thousand hours a day and probably right here some least maybe worth and got a hundred million or two hundred million dollars in monitise liquid form so as a cultural observer and as a veteran in this space at your age talk to me about that is that a fair like observation what do you think about that the older folks get the harder it is for them to comprehend how natural this technology is in this new us asset classes to millennialism below because we've always had b.t.o. get we've already had in game digital currencies we're used to invertebrate of several years there's been you can mine digital gold and there's actually a real world value that you can go exchange those token internet tokens for you what you haven't had is digital scarcity and that and that's a real innovation that that big could provide it and what makes it such a promising asset class put into digital natives young people that have been on the

internet like myself at least since we were like eight or nine when the world wide web really kind of took off. if used very natural the whole idea of scanning a q arco to set aside money it doesn't feel that strange to us but i have to admit it is somewhat troubling the the immense riches of her being created because it creates the wrong sort of narrative about the signal gee if you look at the articles written about me recently they there is no attempt to like go into any sort of anything that i've actually done in this industry they just want to write about like how much money i made and what it does is it perpetuates and becomes a self-fulfilling prophecy of this culture of greed of of fast money and that's what it was never about for any of us i got into this early and most of us have seen the real upside to this we've got it because we truly believe this acknowledge you change the world and make a better talk about digital scarcity because that really is

a key concept up again referring back to my experience a safe in the path that i created for the virtual specialist it was. to deal with the fact that you've got millions of users and there was no you had it figure out a way to create prosperity across all those asset classes because you had proponents of people coming in by leonardo dicaprio so that price would soon higher and distort the market and so he had no scarcity had to create a specialised mechanism to create the digital scarcity by affecting the way price discovery work ok now with this digital scarcity that problem is solved yeah and it's true across all the crypto assets and it's something that let's say the gold people who don't like don't get you they don't understand that so can you for in a few lines address their what they're missing about digital scarcity that would suit you have to understand in order to grasp the scarcity that exists in because is the fact that big coin is like i said before open source money and it's aids

features or programmable and deflation twenty one million big quinta will ever be created is something that is hard wired into big scope and there's really no chance that that will ever be changed and so we soon so if you don't believe in code and you don't believe in software like you're not you're trying like you're never going to get picked quite a bit harsh call me a chocolate ice i know you know you're going to regret your time is going to slam you earn her for ages i'm. victimise ages through for folks for folks that do not appreciate the power of software because eight in too many people can seem like magic it's like you literally write something into a computer in it and in a meet other things how steve jobs said he said anything we do if it's any good should appear like magic right and you know there are still people that don't use up our products you know ok so now the market is i'm here at the conference here at

the conference there's ice just hundreds of ice yes it's crazy and is a. we had that we hit peak i.c.m. we've probably hit peak by c.e.o. i think we're going to reach a point very soon where there's more regulatory enforcement there's a massive shakeout in the industry a lot of these really tokens go and disappear with the idea of a nice you know this democratized way of crowdfunding from around the world for new technologies and ideas or even preexisting ones in and that's a sure probably the most interesting concept is of course security tokens you know of last capital we did the very first security token to represent represented a limited partner interest in our beds for fun but moving forward i believe launching to turn the tire world into a stock market so anything that is scarce in the real world in theory you can securitize in tokenize on a block and so i think we'll have that happen in real estate with intellectual

property such as digital rights management to pay for saying art as you identify yourself as a liberal and. liberals progressive especially progressive. they are the last job race this technology got the libertarians you've got the american capitalist you've got your conservatives and yet what you're describing there is would be a progressive. and yet they are the last to take a look at this how do you break through that to them. for me it's been a process you know i i grew up always around available but i grew up in the most liberal medium sized city in america this is a and when i would go home and try to talk about this technology now it is a scene friends that i went to college in high school with sometimes angrily posts about big assets i realize it is a troy and the only thing you do i don't waste my time trying to enjoy some i think that's an approach you can take a much more interesting to me is actually developing applications that are so good

for the world that are so demonstrable ie. better improvements upon what we have are totally new innovations that you can't help but accept that this is just is a powerful in promising and socially beneficial tool trying to convince them up and the other way you know it's futile. everybody got a thanks being on the kaiser report my flushing are great but that's going to do it for this edition of the kaiser report they must either stay forever like i guess jeremy gardner is the founder of odd are now with author but its author check out author if you want to see us on twitter go to kaiser report the next time i. see this is harlan kentucky. boy

he says he was very funny using. a co money since he was almost no coal mines left. the jobs are gone all the coal mines are said. and it was a lot of these people a survivor. disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's how it's happened. before hard to sell you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles going. to sox credit to tell you that what we gossip to the public works well for the most important. off of advertising tell me you are not cool enough to buy their product.

all the hawks that we along the border will want. across europe municipalities are taking their water supply back from private companies. this is the simple song. elsewhere they invite private companies to take over their utilities anybody tell us. miss you guys we got. to go. this is. for you. locals are ready to stand up for the basic human rights of access to water it's about water but it's also over much more it's about the hurt and the redistribution of. purpose. downwards

we want our. breaking news this hour on our international tensions are high in the russian city of. syrian opposition representatives have a right to attend peace talks however they have put forward last minute preconditions. the u.s.

treasury names over two hundred russian politicians and business figures and a so-called kremlin list washington stresses that no sanctions are being imposed against the individuals on it though it was drawn up as part of us. the problem. is much more widespread than previously thought according to a recently released report that was withheld by the world anti-doping agency just six. days here in moscow on this tuesday you're joining us here international thank you very much for joining us we do start this hour with breaking news on this channel representatives of the syrian opposition have arrived in the russian city of sochi to attend peace talks over the syria crisis however there's been

a delay in the opening ceremony as the so-called rebels put forward additional conditions at the very last minute. joins me live with the very latest what is happening in sochi. well from what we gather the opening ceremony is about to start because dozens and dozens of cameramen have just charged by us in order to film the opening ceremony according to the plan but there was a pause there was a hold people were waiting what would they be they were waiting to see what would happen to the people stuck at the airport pending arrivals potential rivals we're talking here about the syrian negotiation committee which represents a number of very potent rebel groups that are fighting in syria on the ground these groups had previously voted to all but boycott the sochi talks talks but the

turkish foreign ministry has said that it has convinced them to come nevertheless there are still some disagreements and preconditions being put in place put forward by by the rebel representatives and those being worked on now they're talking to them there's an intense effort underway to get them to come to the conference which is just a few kilometers away and to attend these talks bear in mind that this is a this is a very different venue this isn't your classic geneva peace process here the talks a much more direct suchi is just a space to get all these different sides to come together the syrian government representatives of it as well as various ethnicities denominations in syria rebel groups as well as there was an effort to get the kurds here but could into room as the turks block that effort and the the thinking the idea here is to get everybody

into the same rules so they can talk to each other face to face unlike in the geneva peace process where all these different sides come they sit in different rooms and send middlemen in the goosey this back and forth to talk to each other to make offers demands counted demands and. so on and so forth the problem is that it hasn't resulted in him very much and sochi is about getting the ball rolling peskov putin spokesperson said that don't expect any big result here don't expect the peace treaty or a brain breakthrough this is just a supplement to all the current peace talks such as geneva to get the ball rolling to get the sides to talk to each other and to voice their concerns to voice their positions and see where they can go from there still as i say we're waiting on that negotiation council. committee. delegation to come to sochi to come to this conference and we'll see what that results in. reality is but i've got

a dear thank you. but i just mentioned the other sides do not agree on many points about syria's future including for example the fate of a current president bashar al assad but a spike their differences pro-government and opposition representatives do agree on one thing that discussing these problems is crucial both you know we are here now to negotiate to sit in front of each other to fight each other to shout at each other to talk to each other to talk frankly we hope that here in sochi we can achieve what we couldn't achieve in geneva after eight rounds of talks now with the syrian government cannot just avoid these negotiations they will have to meet all the participants of the congress face to face that is a step forward that was not made in geneva it will be useful for geneva. and i'm at the head that on sochi russia regarding sochi we should remember there are many problems both on the ground and political the syrian army with its allies has liberated large areas and eliminated terrorist leaders anyway the geneva

negotiations notes nothing in order to please other parties that happens with other negotiations too and that's where sochi comes in but we should expect too much maybe some expect the situation in syria will be resolved right after. declaration of when announcements in sochi what we know how politics works these negotiations are just a stage. there will be no russian flags the twenty eighteen winter olympics in south korea the international paralympic committee has upheld its ban on t. russia though it is allowing clean athletes to compete as neutrals two months earlier a similar decision was taken by the international olympic committee but while all eyes are now one russia allegations of doping violations are surfacing elsewhere in the world in the run up to next month's winter games the issue of doping has taken the main stage once again seeing the majority of russian athletes banned and those

eligible to participate forced to compete under a neutral flag and frankly at this point when you hear doping you think russia but is the problem really reserved to just the one country i'm afraid the answer is a resoundingly no an investigation conducted by a group of international researchers at two separate sporting events back in two thousand and eleven produced a rather shocking conclusion where more than two thousand and eight athletes were surveyed anonymously to encourage honest answers the open appears remarkably widespread among elite athletes and remains largely unchecked despite trial and biological testing the report revealed that at the thirteenth athletics world championships in south korea over forty percent of those competing emitted to doping in the past year and almost sixty percent at the pan arab games in doha whereas want only came back with point five percent of test as positive in south korea and three point six percent at the pan arab games needless to say that is a massive discrepancy and the other surprising thing is that the research was

actually funded by water and yet no one heard a peep out of them about the result which they've known about for years we would note that there was a delay of nearly six years between the completion of the data collection and the publication of this paper due to negotiations between water and i double am. and subsequently between now and the authors regarding the authority to publish the results now it goes on to say that neither of the organizations impose restrictions on the writing of the report although i'm not sure how it thinks here delay isn't considered a restriction the president of germany's athletics federation for one was infuriated by the hold up pending the publication has impaired the possibility of taking important measures in the antidoping compay much earlier this is more than annoying you could also call it the scandal and guess what the report was actually released months ago but i'd bet good money that you haven't heard a thing about it because for some reason it wasn't made into nonstop breaking news no probs were conducted and no bands were seen this was a study which of course would raise alarms with the world anti-doping agency

instead of pursuing it and doing further tests to determine the accuracy to try to verify or disprove the results of that study they simply blocked the publication so in my mind it's an example of the lack of transparency in the bias and the efforts to censor. studies and news that is problematic from their standpoint we managed to speak to the authors of the report they told us that their research indicates a doping epidemic at two international track in the us we asked a major that forty six percent and fifty seven percent of the athletes at these international track meets were doping much higher than we expected according to the results of this paper i would call abbott down may

i mean when you're when you are talking that half of the athlete said an international track meet are asked to remain to be doing some kind of don't thing i think that's a serious problem for ass right. ics right it is certainly a problem how big it is again i go back to my previous on that without having an accurate provenance estimation we don't know but even if we settle for a lower figure that just for the sake of argument i'm not saying this is the actual figure budget for the sake of argument if it's some percent. it's also important where the some percent happens if ten percent of all the medal winners is a big problem had the moment it's based on the way what we probably is is quite high the concerns over death. is we don't know much about the the athletes compliance.